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Craft beer maker Brewdog reports it latest crowdfunding drive has hit the £5 million milestone within 20 days of launch.

The Aberdeenshire-based brewer which has already raised more than £6 million million in three previous Equity for Punks crowdfunding drives.

Brewdog said it has now broken its own independent crowdfunding record set in 2013 when it raised £4.3 million in a six-month Equity for Punk funding round.

This latest Equity for Punks crowdfunding drive - which has a closing date of April 22, 2016 – aims to raise £25 million from the issue of 526,316 shares priced a £47.50 a share.

The brewer said the money raised will be used to fund expansion of its brewery and international bar division, as well as launching new projects “like a craft beer hotel, custom sour beer facility and a distillation plant”.

The Ellon-based company said it also plans to establish a small USA-based brewing operation.

Last October BrfewDog announced plans to add a new 4500 sq mt building onto its existing facility in Ellon to add a new 300 hectoliter (HL) brew house as capacity was “likely to be maxed-out by the end of 2015” due to consumer demand.

In April Brewdog reported sales has increased 64 per cent in 2014 to £29.6 million and annual profits increased 69 per cent to £4.9 million.

The company said it is on track to break £50 million in sales in the 2015 year.

Brewdog opened 12 of its concept bars globally last year, taking its bar estate total to 26 and opened its first craft beer bottle shop, BottleDog, in London’s Kings Cross.